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flag UK financial experts urge savers to use full ISA allowance before tax year-end to avoid missing tax savings.

flag Financial experts are urging UK savers to maximize their Individual Savings Account (ISA) allowances before the tax year ends, with the current limit at £20,000. flag They also suggest increasing this limit to around £26,000 to account for inflation, noting that savers could miss out on significant tax-free savings otherwise. flag Using the full ISA allowance could save households an average of £1,241 in taxes this year, totaling about £9.4 billion across all ISA holders.

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